Cwm LLC Buys 3,241 Shares of Spire Inc. $SR

Key Points

• Cwm LLC increased its shareholding in Spire Inc. by 19.7%, owning a total of 19,723 shares valued at approximately $1.44 million after purchasing an additional 3,241 shares.
• Spire's latest earnings report showed an EPS of $0.01, surpassing analysts’ expectations, with a revenue of $421.90 million for the quarter.
• The company announced a quarterly dividend of $0.785, equating to an annualized rate of $3.14 and a dividend yield of 3.6%.

Cwm LLC boosted its position in shares of Spire Inc. (NYSE:SR - Free Report) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,723 shares of the utilities provider's stock after purchasing an additional 3,241 shares during the period. Cwm LLC's holdings in Spire were worth $1,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Spire by 66.0% during the 1st quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider's stock worth $57,000 after buying an additional 289 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Spire by 16.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,833 shares of the utilities provider's stock worth $456,000 after purchasing an additional 844 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Spire by 3.7% in the 1st quarter. State of Alaska Department of Revenue now owns 6,833 shares of the utilities provider's stock valued at $534,000 after purchasing an additional 245 shares during the period. Blue Trust Inc. raised its holdings in shares of Spire by 20.5% in the 1st quarter. Blue Trust Inc. now owns 1,305 shares of the utilities provider's stock valued at $102,000 after purchasing an additional 222 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in Spire by 1.1% in the 1st quarter. Retirement Systems of Alabama now owns 71,014 shares of the utilities provider's stock valued at $5,557,000 after purchasing an additional 794 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Spire Price Performance

Shares of NYSE SR opened at $87.33 on Tuesday. The business has a fifty day moving average price of $78.67 and a two-hundred day moving average price of $76.15. The stock has a market capitalization of $5.15 billion, a PE ratio of 18.86, a P/E/G ratio of 2.48 and a beta of 0.69. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27. Spire Inc. has a fifty-two week low of $61.87 and a fifty-two week high of $87.42.

Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The company had revenue of $421.90 million for the quarter, compared to analysts' expectations of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.Spire's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) earnings per share. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. As a group, equities analysts predict that Spire Inc. will post 4.5 earnings per share for the current fiscal year.

Spire Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.785 dividend. The ex-dividend date was Thursday, September 11th. This represents a $3.14 annualized dividend and a dividend yield of 3.6%. Spire's payout ratio is presently 67.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SR shares. Morgan Stanley lowered their price target on Spire from $81.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Jefferies Financial Group raised Spire to a "strong-buy" rating in a report on Tuesday, October 7th. UBS Group raised their price target on Spire from $80.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 13th. Bank of America reaffirmed an "underperform" rating and set a $76.00 price objective (down from $81.00) on shares of Spire in a research report on Friday, August 15th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Spire in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $81.36.

Spire Profile

Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.

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